January 27, 2012

Motorola Mobility, on the brink of being swallowed
by Google, have come out with their Q4 ’11 earnings and the results are
not great. The company earned $3.4 billion in revenue and posted an $80
million loss, despite selling 10.5 million mobile devices, 5.3 million
of which were smartphones. The 10.5 million target was in line with
expectations.
A year ago, in Q4 2010, the company earned $110 in profit, but were
seen as slowing down. On the bright side, the Mobility Devices portion
of the company increased its net revenue up 5% y/y to $2.5 billion for
the quarter, and to $13.1 billion for the year. Yearly net losses stood
at $249 million, an increase from $86 million a year earlier.
According to the earnings report, “The Company shipped a total of
10.5 million and 42.4 million mobile devices in the fourth quarter and
full year 2011, respectively. This included 5.3 million and 18.7 million
smartphones and approximately 200 thousand (200,000) and 1 million
tablets in the fourth quarter and full year, respectively.”
As for Motorola’s successes? CEO Sanjay Jha says that there were some
great products launched in 2011, including the Atrix and RAZR, and the
proliferation of their webtop platform. On the upcoming Google merger,
he said, “we remain energized by the proposed merger with Google and
continue to focus on creating innovative technologies.”
Source: Motorola
Via: The Verge